229 E Monroe St, Carlton, OR, 97111 | 5.68% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

229 E Monroe St, Carlton, OR, 97111 | 5.68% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2503 sft

50 W Taylor St, Carlton, OR, 97111

3 Bed
2 Bath
2804 sft

19875 SW Meadow View Dr, McMinnville, OR, 97128

5 Bed
6 Bath
3994 sft

648 W Main St, Carlton, OR, 97111

5 Bed
3 Bath
2601 sft

154 SW Mount Adams St, McMinnville, OR, 97128

Nearby investment properties with comparable prices

5 Bed
3 Bath
2400 sft

14665 NW Pheasant Hill Rd, McMinnville, OR, 97128

3 Bed
2 Bath
1595 sft

19800 SW Briedwell Rd, McMinnville, OR, 97128

3 Bed
2 Bath
1992 sft

17295 Pleasant Hill Rd, Sheridan, OR, 97378

Investment Property+ 2 more

6 Bed
4 Bath
2882 sft

1519/1531 SW Harbor Dr, McMinnville, OR, 97128

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Carlton at 229 E Monroe St, Carlton, OR, 97111 earns from $3,780/mo rent with a $3,911/mo payment. Total monthly income totals $3,780/mo. ROI tracks 15.3% on current figures, and rental yield reads 5.68% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 77.88% and total cumulative return in cash sums $204,714. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,780/mo property income instead of your personal income.

Multi Family

Built in 1907

0.72 Acres lot

$N/A/sqft

No HOA

More details about the property

Stunning opportunity rich in history near down town Carlton- walkable to wine tasting, great food & charming shops. Currently covered by a mid century apartment conversion, Originally built in 1907 as the Carltons school house- Amazing features all tucked away include brick construction, wood floors, soaring ceilings, and large arched window frames. This Multi-unit building and large near 3/4 acre lot offer options for remodel or redevelopment- Think boutique hotel, loft apartments, event venue- options abound! OR vacate non used alleyway and develop land to homes. Some renovation bids collected, Two different hotel plan pricing sets available with acceptable offer. Building consists of 15570 Gross SF Basement @ 5330SF 1st level @ 5078SF 2nd level @ 5162SF.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97111, Carlton, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,607 (100%)
Owner Occupied HU	1,254 (78.0%)
Renter Occupied HU	266 (16.6%)
Vacant Housing Units	87 ( 5.4%)
Median Home Value	$574,885
Average Home Value	$664,053